Tuesday, 13 August 2013

The report
The Iron and Steel Construction Market in Europe - Key Trends and Opportunities
to 2017 by Timetric is now available at RnRMarketResearch.com. Contact sales@rnrmarketresearch.com with The Iron and Steel
Construction Market in Europe - Key Trends and Opportunities to 2017 in subject
line and your contact details to purchase this report or get your questions
answered.

The report
provides detailed market analysis, information, trends, issues and insights
into the European iron and steel construction market, including: The European
iron and steel construction market’s growth prospects by category; Analysis of
the European markets separately with country level data; Critical insight into
the impact of the market through comparative analysis of country level data; Company
profiles of key companies operating in the iron and steel construction market.

The 2009
global financial and European debt crises slowed construction activity and
adversely affected demand for iron and steel across Europe, causing the market
to record a CAGR of -6.18% during the review period (2008-2012). However, it is
estimated that demand for iron and steel will improve over the forecast period,
as a result of the growing construction industry and the improved performance
of the European economy following the easing of the debt crisis. The iron and
steel construction market in Europe is, therefore, estimated to grow at a CAGR
of 4.40% over the forecast period.

Scope
This report provides a comprehensive analysis of the iron and steel
construction market in Europe:
- Historical (2008-2012) and forecast (2013-2017) valuations of the iron and
steel construction market in Europe
- Breakdown of values at country level (26 countries)
- Analysis of key events and factors including regulation, cost management,
funding and pricing
- Detailed profiles of the leading iron and steel companies in Europe

Key Highlights
According to the European Commission, Europe is the world’s second-largest
steel producer, accounting for 11% of the world’s total steel output and
employing 360,000 people. The continuing economic uncertainty in Europe
adversely affected the iron and steel market, and directly impacts the
construction and automotive industries.

Russia is the largest iron and steel market in Europe; it accounted for 17% of
the European iron and steel market in 2012. The Russian construction industry
recorded a CAGR of 3.55% during the review period. Realizing the importance of
modernizing infrastructure to achieve long-term growth, the Russian government
has announced large-scale investments in infrastructure construction.
Consequently, the Russian iron and steel construction market registered
positive growth during the review period.

Russia’s iron and steel construction market will also be supported by
large-scale investment in infrastructure construction due to the nation’s
hosting of the 2014 Winter Olympics and the 2018 FIFA World Cup, which will
require stadiums, transport infrastructure and accommodation.

Owing to cost pressures, the Italian steel industry faces a deep crisis, and
with low demand for steel in Europe, many plants are struggling to survive.
ILVA and Lucchini, the country’s largest steel producers, face potential
shutdowns. Business confidence in Italy is dwindling, as businesses remain
unconvinced about economic recovery. The downgrading of the Italian
government’s credit rating by Moody’s is another key factor that has adversely
affected business confidence.

Despite the eurozone crisis, the Turkish construction industry’s performance
has been better than its neighboring countries. Growth in the construction
industry during the review period was driven by continued government
encouragement of foreign direct investment (FDI) and public-private
partnerships (PPPs) in the country. According to the Turkish Steel Producers
Association, crude steel production in Turkey rose by 5.2%, to 35.9 million
tons in 2012. The country’s position in terms of steel production rose from
10th in 2011 to eighth in 2012 in the largest steel-producing countries list.